In today's session our technical analysis for nifty was if Nifty opens or trades above 10620 then it can go to 10628 to 10640 levels . If crosses this 10628 level then can go up to 10640 levels.... And also we had mentioned that if Nifty starts trading above 10640 level then may go to 10675 levels.....So , what happened ...? you peoples very well know about it...!!! However our last strategy what we posted on investing.com was not to panic at upper levels.... make short term positions in the market for near future..... as nifty is suppose to come down to a min of 10000 / 9333 within a short spell of time... May be it may take around 2 to 3 months....However as per as our technical analytical point of view , traders must go short at upper crucial levels..... and at the same time must book profits at lower crucial levels.... Now lets see what happened exactly......? We already mentioned that 10640 was a very crucial level. Nifty opened at 10644.8 and started...
PREVIOUS SESSION: In previous session during trading hours we updated that 10868 is a crucial support level for Nifty 50 and as we predicted Nifty 50 closed a tad above 10868 at 10869.5 . As the market was flat yesterday , today market is likely to be bearish. As per technical analysis there can be gap down opening of the market today. . TODAY'S SESSION: Nifty if opens above or starts trading above 10870 level then will go up to 10882 levels. Crossover above this with volumes and also if sustains above this for at least 15 minutes then will move ahead towards 10904 levels. If sustains above this then will soar up to 10912/10921 levels. More updates will be available during the trading session once the market achieve those levels. Now what if Nifty 50 opens or starts trading below 10868 levels then? Market will slide down to 10856/10846 levels, the same crucial levels bears are facing for last few days. Now again if it starts trading below 10846 level with volum...
NIFTY 50 ... ENJOY THE POSSIBILITIES Nifty 50 if opens above 10882 or sustains above 10882 for a minimum of 15 minutes and then if it crosses intraday high of 10922 of previous day in a convincing way then market will be considered as bullish and the important intraday levels that can be achieved are 10943/10955/10966/10976. The stop loss can be within a range of 10900-10880 Now what about the downtrend possibility? If Nifty 50 opens below 10882 or trades below 10882 then what? There is a high possibility of nifty 50 to slide down to 10868 level. If nifty 50 trades below 10868 then can reach to 10856/10847. If Nifty 50 breaks that level too than can slide to 10793 levels. The stop-loss can be in a range of 10900-10880. Be ready for more updates once the level is achieved. Note: Levels mentioned here are of Nifty 50 spot levels. This strategy is only for educational purpose. Always trade at your own risk. - SAT KABIR
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